LTB

Incorporation

The company exists, but no bank will open an account for it.

This is the most frequent compounding failure the practice sees, and it comes from sequence rather than bad luck. Incorporation was bought as a product, and banking was assumed to follow. Banks underwrite in the opposite direction: they start from the activity, then the jurisdiction of the entity, then the residence of the beneficial owner, then the payment flows, and a structure assembled without those four in view often fails on the second before anyone reads the business plan.

The specific blockers are consistent. A jurisdiction the bank's correspondent will not accept. An owner resident somewhere the bank does not onboard. A registered agent standing between the bank and the ownership chain. No local nexus of any kind in the bank's own market. And an activity (gambling, adult, crypto) that requires an institution with an actual high-risk appetite rather than a retail onboarding form.

Time makes it worse: the entity accrues filings and fees, contracts cannot be performed, and an ageing company with no banking history and a string of declined applications is harder to place than a new one.

How LTB Resolves It

LTB works backwards from banking. The practice identifies which institutions in its network realistically onboard this activity, this ownership profile, and this jurisdiction, confirms appetite before an application is made, and then adapts the existing structure to fit: a substance element, an additional entity in an accepted jurisdiction, a corrected ownership chain, or a redomiciliation where that is cleaner.

The account itself is opened by the licensed bank or institution; LTB does not hold client funds or issue accounts. What the practice does is prepare and present the file (activity description, ownership and source of wealth, AML framework, expected flows), place it with the right institution, and see the application through to an opened account as the client's single point of contact.

Questions

Frequently Asked

Often not. The existing entity can frequently be kept and adapted. A second entity or a redomiciliation is proposed only where the current jurisdiction is the actual blocker.

They matter mainly because they show what was misaligned. Institutions assess the file in front of them, which is why appetite is confirmed before the next application rather than after it.

Begin With a Confidential Conversation

Whether you were referred to LTB or found the practice directly, the first conversation is confidential and without obligation.

Request a Confidential Consultation